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we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
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cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being s
cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi...
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Nov 29, 2012
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tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in t
tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like....
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words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to
words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday...
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Dec 1, 2012
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and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice ca
and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people...
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Dec 7, 2012
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cliff. >> speaker boehner says no progress has been made in the fiscal cliff talks with the president with just about three weeks left before the deadline. we'll check in with political editor mark murray. first, lawyers for george zimmerman have filed a lawsuit against nbc universal for its coverage of the february 26th, 2012 shooting death of trayvon martin in sanford, florida. it alleges defamation and intentional infliction of emotional distress. in a statement the parent company said, quote, we strongly disagree with the accusations made in the complaint. there was no intent to portray mr. zimmerman unfairly. we intend to vigorously defend our position in court. we'll be right back. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to
cliff. >> speaker boehner says no progress has been made in the fiscal cliff talks with the president with just about three weeks left before the deadline. we'll check in with political editor mark murray. first, lawyers for george zimmerman have filed a lawsuit against nbc universal for its coverage of the february 26th, 2012 shooting death of trayvon martin in sanford, florida. it alleges defamation and intentional infliction of emotional distress. in a statement the parent company...
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and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed back
and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime...
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Dec 2, 2012
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by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> very next day, boehner is suddenly grim, talks having accomplished a thing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body langua
by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to...
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healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest
healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax...
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there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> meanwhile house speaker john boehner says the latest proposal from the white house would cripple the economy. the plan calls for a boost in revenue by $1.6 trillion over the next decade. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it's, it's -- not a serious proposal. so right now we're almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> it's inside the beltway and it's business as usual. it's also december 1st, alex, and
there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for...
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. >> reporter: fiscal cliff talks have hit a stalemate only 29 days to go, republicans and democrats remain far apart over the weekend there was worry negotiations might fail. >> i think we are going over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, january 1st, nearly every american will
. >> reporter: fiscal cliff talks have hit a stalemate only 29 days to go, republicans and democrats remain far apart over the weekend there was worry negotiations might fail. >> i think we are going over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future...
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so if they lost this first round to fiscal cliff talks they can say we want this and this. so what the administration is going to do is one of two things. insist any fiscal cliff deal includes a raising of the debt ceiling or they're going to say, we want the power to raise the debt ceiling. you know, i think that might actually end up being a big sticking point of the negotiation. >> understandably they see it as the biggest point of leverage. >> it also seems to me the tone is moving in the wrong direction. after the -- right after the election, there was a little bit of recrimination, a little like well, boehner sounded getting squishy and what's happened over the succession of weeks since then, as he's meeting with the caucus, there's a hardening. in terms of -- >> or a disbelief -- a disbelief -- >> comes out and says stuff like that, you read some of the local papers, these people rshs it. >> are telling their local paper we're in a bad negotiation position here. >> the problem is, had he's probably a guy that's going to -- boehner will still be dealing with after jan
so if they lost this first round to fiscal cliff talks they can say we want this and this. so what the administration is going to do is one of two things. insist any fiscal cliff deal includes a raising of the debt ceiling or they're going to say, we want the power to raise the debt ceiling. you know, i think that might actually end up being a big sticking point of the negotiation. >> understandably they see it as the biggest point of leverage. >> it also seems to me the tone is...
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. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new idea that republicans get more leverage if they give the president taxes now and hold out on, and hold the line on the debt ceiling like they did last summer successfully is something that is new and i think a different kind of two-part plan that republicans are starting to consider as maybe a backup plan that gives them the ability to say we lost the 2% tax hikes now, but we're going to fight later on the debt ceiling. >> let me bring in congressman james lang foford, fifth rankin republican in the house, congratulations, good morning. >> thank you, good morning. >> let me ask you about the poss
. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new...
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fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their eyes by how big this thing is. it happened wednesday afternoon. taking part of a two-lane highway down with it. fortunately no one's been injured. >>> wow. exciting discovery on the planet mercury. ice. na nasa's messenger probe discovering frozen water. it's mostly found in deep craters that are always in the shadows. scientists believe the water almost certainly came from impacting comets or asteroids. >>> 30 years ago today, back in 1982, michael jackson released "thriller" an album that changed the music business and cemente
fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their...
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how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> welcome back. the fight over the fiscal cliff heating up with both parties accusing the other of failing to offer substantial plans. >> to this point, that's right. without a deal, automatic spending cuts and higher taxes will kick in january 1st. that's something our next guest wants to avoid. we welcome back democratic congressman charlie rangel of new york. good to see you. welcome back. >> good to be back. >> we're at that awkward part of th
how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to...
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it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as her music. yoko ono with a new line from a sketch she drew for her and john lennon's wedding. they were designed to celebrate john lennon's hot bod. tank tops with nipple cutouts, buttless pants which we are not going to show you. really. interesting. >> two words i thought you would never say. buttless pants. >>> president obama has dispatched one of his top money men to cut a deal with lawmakers. we are talking about that coming u. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spe
it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as...
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to the right of you. and remember, this is client golf. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use tylenol cold multisymptom nighttime... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself..
plus, the fiscal cliff standoff with republican congressman tom cole and former treasury official robert alman. senator maria can'twell tackles the spike on the east coast. "andrea mitchell reports" is up next. how? they work with vmware to provide virtualization and cloud solutions tailored to a company's unique i.t. needs. so, you're my caddy. what solution would you provide for me now? well, you're 30 yards away from the green. you've got a bunker to the left of you and a bunker to...
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president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they manufacture almost 3000 pieces every minute. every box that ends up on store she
president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so...
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one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their income. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legi
one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses...
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that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a conversation about getting the fiscal house in order. i heard bob talking about that. it is true. we spend $1 trillion more than we take in. it's a fact and we have to address it. i approach this issue with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second
that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a...
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Nov 30, 2012
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but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for
but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here,...
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Nov 29, 2012
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the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into
the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal...
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Dec 6, 2012
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[laughter] and now we can talk about the fiscal cliff. let me start off just by -- we will do the house rules, except we will cut in half. 30 seconds -- then we will have time to elaborate on all this. i want to go through the panel. what do think the odds are that some kind of the deal will be cut by january 1 in order to avoid sequestration and all the tax hikes? mark, i will start with you. >> i think it is 80% that we will avoid sequestration. the question is, though, is this going to be a big enough deal, and will actually be enough of a down payment that it will lead to something else subsequently that will actually avoid the kind of enormous consequences of $16 trillion of debt? that percentage will be lower than the 80%. >> let's come back to the big picture -- in the short term, by january 1 -- will we avoid the cliff? >> i think it is likely that we avoid it. it does not appear that that is going so well. it is so easy for us just to do the things we need to do. i think the real line in the sand is going to be the debt ceiling.
[laughter] and now we can talk about the fiscal cliff. let me start off just by -- we will do the house rules, except we will cut in half. 30 seconds -- then we will have time to elaborate on all this. i want to go through the panel. what do think the odds are that some kind of the deal will be cut by january 1 in order to avoid sequestration and all the tax hikes? mark, i will start with you. >> i think it is 80% that we will avoid sequestration. the question is, though, is this going to...
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your thoughts about the fiscal cliff and talks being at a stalemate. caller: i am a democrat, and i did vote for obama. --i am not for raising taxes. i am not for running on an unbalanced budget. those are the things i speak for, not what other people in the democratic party say we spoke for. that is not what i said. that is not what i voted for. i voted for a balanced budget. host: how do you go about balancing the budget? let's take a look at this headline in the wall street journal. "republicans take aim at entitlements." caller: everything to me, it seeks an even level. since we are working now into will recall the world economy, i do not know how much that other countries have. if we are ahead of everybody else in debt for our population, then we are probably in trouble. if other people have a greater debt, it will all wash out when they pay us, we pay somebody else, they pay somebody else. it all evens out. host: we are going to leave it there. we want to let our viewers and listeners know that coming up we will discuss the mortgage debt relief a
your thoughts about the fiscal cliff and talks being at a stalemate. caller: i am a democrat, and i did vote for obama. --i am not for raising taxes. i am not for running on an unbalanced budget. those are the things i speak for, not what other people in the democratic party say we spoke for. that is not what i said. that is not what i voted for. i voted for a balanced budget. host: how do you go about balancing the budget? let's take a look at this headline in the wall street journal....
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cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on members of the republican party. republican senator jim demint of south carolina is leaving capitol hill to become president of the heritage foundation. don't cry for demint. the out-going president of the heritage foundation made $1.1 million according to 2010 tax filings. demint will do just fine. it's not just about the money. the senator realizes he could be more effective for the conservative movement if he's not attached to the dysfunctional party known as the republican party. in a statement, demint said "i'
cliff. michael eric dyson and donna gentile-o'donnell on the political fallout. howard dean on chris christie's big decision on the obama care exchange. and apple's ceo breaks big news to nbc's brian williams. >> next year, we will do one of our existing mac lines in the united states. >> tonight, a story of economic patriotism in an era of bain capital with e.j. dionne. good to have you with us tonight, folks. thanks for watching. the reality of the election is start to set in on...
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>> i have to come to talk about the fiscal cliff? practicing matti >> we all have fiscal cliff fatigue. >> yeah, i think it's totally understandable, but it still hasn't been dealt with as we've just seen. we think there will be a fiscal slide. we have kind of three scenarios in find. a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment and i think that's obviously better than the full lack of 4.5. and it's better than -- worse than something that wouldn't make too much difference. 1.5 will make an important difference still. >> and what's in that 1.5% in terms of tax hikes and spending cuts? >> probably are going to be a brunch of different things in it, but the main thing that will be close to 1% of u.s. gdp is the expiring of the payroll tax cut. both sides of the aisle agree on that. it will fall disproceportiona a on middle income households. >> and instead of the bush tax cuts for exampl
>> i have to come to talk about the fiscal cliff? practicing matti >> we all have fiscal cliff fatigue. >> yeah, i think it's totally understandable, but it still hasn't been dealt with as we've just seen. we think there will be a fiscal slide. we have kind of three scenarios in find. a full fiscal cliff, a bunny slope or something in the middle, a fiscal slide. and i think that's where we're headed. we believe it will be in the neighborhood of 1.5% of gdp in fiscal adjustment...
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a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to john wattson. >>> political posturing on the fiscal cliff from leading republicans and democrats alike. >> i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. >> we have made our proposal. let them come forward with something. >> find out what senate majority leader harry reid's nevada constituents are saying about his performance. >>> also, is it time for the u.s. to join the ranks and put $1 billis to rest in favor of a $1 coin? believe it or not, people feel passionate about this issue. our heated debate is coming next. sta
a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to...
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we've been talking, dr. brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent years has lost some of the terrain that they used to dominate in the making of foreign policy. i think president obama has to make a serious effort to regain it because he lost some of it himself. >> lost terrain to congress or to whom? >> to congress and to the world. that is to say his capacity to take decisive actions has been limited by congressional intervention, by the influence of lobbies, by the sense that he gives good speeches, very good speeches, and he really understands the world, but the follow-through in terms of policy is somewhat not there. so
we've been talking, dr. brzezinski, about the fiscal cliff. i'd love your take on it, what signal it sends to the rest of the world that we don't seem to be able to put our economic house in order. >> well, the way you put it, you give the answer. your answer is right. we look a little bit disorderly. indecisive, leaderless. that's a real problem. and that's a problem that concerns me particularly on foreign affairs. the presidency, not just president obama, but the presidency in recent...
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cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but i pressed jay carney. i said will spending cuts be included? and here is what he said. >> can you hold up that budget, look in the camera and say to your fellow democrats on capitol hill, vote for and include some of these spending cuts in this deal to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the whit
cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but...
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but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets, very, very different views. the kospi is up 1.2%. asx 200 up 0.7%. major miners in focus. bhp and ceo coming out with comments that we'll talk about later. we have the japanese market continuing their rally. it's been quite the rally over the last few week. topex you might want to watch. goldman sachs year's target up by some 8%. there is still up side of about 20%. you could see some gains if they are correct. but the knee he kay 225 recouping losses from yesterday to continue on that rally. up 1%. sharp was in focus today on talks that they may be signing some in
but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets,...
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stock market focused on "fiscal cliff" talks as always, nothing new to report there except the stalemate over the weekend. and that will continue to drive the market going forward. manufacturing also a key today. we'll hear from the institute for slide management in a few minutes. an earlier report coming from markets purchasing managers index was positive and that was key after getting positive manufacturing reports out of china and europe with the market going in the right direction this morning. let's take a look at the numbers. the dow is up by 34 points. nasdaq gaining 12. s&p moving higher by 4 points. back to you guys. >> we'll take it. jason brooks with kcbs and cbsmoneywatch.com, thank you. >>> well, a new study says that when you got to go, social media apparently goes with you. [ laughter ] >> apparently so. >> people are tweeting on the toilet. according to some new data, nearly one-third of social media users ages 18 to 24 make social connections while in the bathroom. and the same goes for 28% of those 25 to 34 and 15% of 35 to 44-year-olds. both sexes are equally likely to
stock market focused on "fiscal cliff" talks as always, nothing new to report there except the stalemate over the weekend. and that will continue to drive the market going forward. manufacturing also a key today. we'll hear from the institute for slide management in a few minutes. an earlier report coming from markets purchasing managers index was positive and that was key after getting positive manufacturing reports out of china and europe with the market going in the right direction...
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the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama would be the one who is refusing it because he is throwing in all sorts of extra things like total executive branch control of the debt limit. >>neil: who came up with the $50 billion in new surplus spending in the middle of this? come on! >>guest: the question, it is an interesting offer, kind of an office that the president gave yesterday which was call it disrespectful, a disrespectful offer and the question is, are republicans going to take it personally and get mad about it? or will they say, well, this is the early stage. we are standing around and snorting and we will get down to serious stuff
the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama...
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world would arrive if we went over the fiscal cliff, people in the market basically his surely they can't be that done. they're assuming it's going to get done. >> i think the markets are saying -- it's balanced 50/50. my personal opinion is it's a higher chance it won't happen. just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay this off and perhaps it will fall to the blame -- fall on the republicans. that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers back in the 1980s. he was also an avid ar
world would arrive if we went over the fiscal cliff, people in the market basically his surely they can't be that done. they're assuming it's going to get done. >> i think the markets are saying -- it's balanced 50/50. my personal opinion is it's a higher chance it won't happen. just as bill clinton managed to pin the blame for the government shutdown on newt gingrich and put the republicans in retreat, in terms of card playing, president obama has some cards that he can basically lay...
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Dec 1, 2012
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the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% during the housing boom in 2005 and 2006. now we're back to levels we last saw in the 1990s. yes, the great recession is partly to blame, but the fact is
the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but...
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about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our men and women in uniform, to please bless the loved ones who lost those in iraq and afghanistan. please, god, help get our troops home now and not later. i yield back. the speaker pro tempore: the chair recognizing the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: mr. speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of
about the fiscal cliff? well, i know that's important. mr. speaker, it is time for congress to realize that we are having young men and women to die in afghanistan for a failed policy that will not change one thing. mr. speaker, before closing, i make reference to this poster of a young american in a casket being carried by his colleagues to be buried. please, american people, put pressure on congress to bring our troops home now and not wait until december, 2014. i ask god to please bless our...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred flintstone head to slap. >> you need man hands to slap a head that size. >> stephanie: right. she is more man than i will ever be. right, ann coulter. >> i'm more of a man than any liberal is. >> stephanie: thank you. that's my point. >> yeah. >> stephanie: we're going to do a jacki's health care corner but we talked about why raising the medicare eligibility age is a bad idea. and that has been floated out there and is on the table. and i'm like -- we won. as ann coulter just said. why do we need to negotiate with them on their bad ideas? >> that's right. >> stephanie: the american people are with us on all of this. we'll
well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred...
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cliff gets resolved. in the end, they have got not much. they can say they have a mandate so it's equal, but it really isn't and they know that. >> we seem to know as much about mitt romney's taxes as we do about the loopholes republicans are willing to close in this. they can't offer any specifics. is this a turnoff for the people? >> in fairness we have to recognize that there's been a lack of specifics on both sides here. they are negotiating in public. you notice that that's how this stuff is coming out. it's not phone calls between the two sides or closed-door meetings. we don't know what spending democrats would cut and we haven't even begun the entitlements discussion, which the president is theoretically open to. so there's a lot that still needs to happen. i mean for you and me and normal people, three weeks away may seem like a short time, but there's a feeling that this has barely even begun. >> here's senator bob corker and clairk mccaskill. here it is. >> great detail, very painful cuts to me
cliff gets resolved. in the end, they have got not much. they can say they have a mandate so it's equal, but it really isn't and they know that. >> we seem to know as much about mitt romney's taxes as we do about the loopholes republicans are willing to close in this. they can't offer any specifics. is this a turnoff for the people? >> in fairness we have to recognize that there's been a lack of specifics on both sides here. they are negotiating in public. you notice that that's how...
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Dec 4, 2012
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. >> the latest on the fiscal cliff talks. competing plans from the white house and republicans was little talk of compromise. if the white house plans raises taxes on any and come over to london and $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and and fracture spending. the republican counter offer has deeper cuts to a medicare and reduces the social security cost of living increase. but it has no tax increases. it raises revenue through closing tax loopholes and this deductions. raising 800 billion over 10 years. does have a what the president is proposing.hite house he immediately rejected the republicans' proposal. the president is saying that he will not accept a proposal without a tax increase for the wealthier americans. it is 27 days until the fiscal cliff. >> u.s. officials say that the white house and its allies are weighing military options to secure serious chemical and biological weapons. this comes after u.s. intelligence reports show that the syrian regimen may be ready and those
. >> the latest on the fiscal cliff talks. competing plans from the white house and republicans was little talk of compromise. if the white house plans raises taxes on any and come over to london and $50,000 with 350 billion in cuts to medicare and 200 billion in new stimulus and and fracture spending. the republican counter offer has deeper cuts to a medicare and reduces the social security cost of living increase. but it has no tax increases. it raises revenue through closing tax...